https://www.taxtmi.com/caselaws?id=417688 The Tribunal set aside the order passed by the Pr. CIT under Section 263 and restored the original assessment order, allowing the appeal of the assessee. The Tribunal held that the assessment order was based on due verification and examination, and the Pr. CIT failed to establish that it was erroneous and prejudicial to the interests of the Revenue. The Tribunal emphasized that canceling the assessment order solely on the basis of inadequate inquiry was not justified. en-us Thu, 27 Jan 2022 00:00:00 +0530 Sat, 29 Jan 2022 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417688 The Tribunal set aside the order passed by the Pr. CIT under Section 263 and restored the original assessment order, allowing the appeal of the assessee. The Tribunal held that the assessment order was based on due verification and examination, and the Pr. CIT failed to establish that it was erroneous and prejudicial to the interests of the Revenue. The Tribunal emphasized that canceling the assessment order solely on the basis of inadequate inquiry was not justified. Case-Laws Income Tax Thu, 27 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417688